• 2018 September 17 10:46

    Valencia Containerised Freight Index up 8.19% from January to August 2018

    El Valencia Containerised Freight Index (VCFI), grows 1.19% with respect to the month of July and stands at 1,081 points; a figure that confirms the recovery of the growing trend in August. In the period from January to August, the cumulative growth rate stood at 8.19%, confirming the upward trend initiated in April in the international freight markets, with the exception of the slight recession suffered in July.

    The VCFI was created as an index number that took as a contribution base the 1,000 points, in January 2018. Since then, the VCFI has registered different oscillations, upwards or downwards, depending on the different factors that affect the costs and pricing in maritime transport.

    During the month of August, the growth experienced in freight bound to America and Africa has been accentuated, confirming a growing trend in the markets that has been taking place since April. This situation contrasts with the significant drop in freight rates experienced in the European market which, despite the generalized rise that occurred in June, in July and August again took the path of negative values. In this sense, the tendencies indicated are in line with those published by the Shanghai Container Freight Index throughout the last weeks of the month of August.

    The Valencia Containerized Freight Index (VCFI) has been developed by the Port Authority of Valencia and the Valenciaport Foundation and is published on the second Friday of each month, at 12 noon (Spanish time, or European Central, CET).

    The index covers the gap in the western Mediterranean; an area that concentrates 3.8% of world trade but lacks its own indicator for export freight. It is, therefore, a reference indicator in the Mediterranean, in the same way that the Shanghai Containerized Freight Index is for the Asian area.

    The VCFI is presented as a statistical magnitude based on the contribution of confidential data from companies operating the market. Specifically, the panel of informants is composed of 8 shipping companies and 4 freight forwarders with a large presence in the international market. It includes -in a first stage- the aggregate evolution of freight rates with respect to an initial reference moment, established in January 2018, a period in which the index takes 1,000.




2018 October 23

18:01 Sea trials of SMK-2187, modular search-and-rescue boat of Project 23370М, completed in Kamchatka
17:29 Stevedoring division of UCL Holding handled 27.2 million tonnes of cargo in 9M’18
17:00 Throughput of Chinese ports grew by 4.3% to 6.92 billion tonnes in 9M’18
16:05 MPC Maritime acquires three Panamax-sized container vessels
15:22 Pirate attack averted off the east coast of Somalia
15:03 WinGD set to increase technical capacity through new Engineering Centre in Shanghai
14:57 KfW IPEX-Bank and Commerzbank finance third expedition ship for Hapag-Lloyd Cruises
14:15 Crowley christens Commitment Class combination container/roll on-roll off ship
13:40 Port of Immingham is home to award-winning rooftop solar array
13:14 Verifavia Shipping signs cooperations with two major global ship managers
12:26 Bunker prices are flat in the Far East ports of Russia (graph)
12:01 OOCL introduces new Asia – West Africa direct services
11:42 RS class: new supertanker successfully performed ship-to-ship LNG bunkering
11:24 DP World reports 3.7% gross like - for - like volume growth in 9m 2018
10:59 Woodside signs cooperation agreement with ENN
10:35 INPEX-operated Ichthys LNG Project commences LNG shipment
09:58 Brent Crude futures price down 0.38% to $79.53, Light Sweet Crude – down 0.27% to $69.17
09:24 IMO approves a programme of actions to deliver the initial strategy on reducing greenhouse gas emissions from ships.
09:17 Baltic Dry Index is up to 1,579 points
07:14 GTT receives a new order from DSME for the tank design of an LNG carrier

2018 October 22

18:33 Rolls-Royce and Sunseeker agree new framework agreement for supply of MTU engines
18:32 OOCL introduces new Mediterranean and West Africa direct service
18:29 Rotterdam expects record 50,000-tonne shipment of pig iron
18:01 Arctic Council meeting of Environment Ministers ends with talks about future cooperation
17:39 IMO's Marine Environment Protection Committee meets
17:16 Glavgosexpertiza approves modernization of onshore facilities in Salekhard
16:22 Humber International Enterprise Park plans reshaped after public feedback
15:34 Nornickel’s Polar Transportation Division carried 2.4 million tonnes of cargo in navigation season 2018
15:10 ESPO congratulates Port of Valencia, Ports of Bremen, Port of Moerdijk and Port of Tangier for renewing Ecoports’ Environmental Standard
14:17 Sovcomflot named a finalist in four different categories of 2018 Lloyd’s List Global Awards
13:55 Onezhsky Shipyard delivered ice-class buoy tender named Fortuna
13:23 Pavilion Energy and BW ink deal for long-term charter of two Singapore-flagged LNG newbuilds
12:58 Average wholesale prices for М-100 HFO down to RUB 21,455 in RF spot market
12:36 LUKOIL BoD recommends interim dividend amount
12:13 Bunker sales at the port of Singapore in 9M’18 down 1.5% Y-o-Y to 37.46 million tonnes
11:51 Power of gender diversity on the agenda at Seatrade Maritime Middle East
11:32 Container throughput of port Hong Kong (China) down 5.6% to 14.69 million TEUs in Jan-Sep’18
11:09 Abu Dhabi Ports collaborates with MSC Mediterranean Shipping Company on international blockchain solution Silsal
10:50 Port of Singapore throughput in 9M’18 grew by 0.9% Y-o-Y to 470.49 million tonnes
10:28 Brent Crude futures price up 0.69% to $80.34, Light Sweet Crude – up 0.68% to $69.76
10:09 NYK PCTC receives special award from the Association for Rescue at Sea
09:47 STLC to obtain additional RUB 5.9 billion of federal subsidies in 2018
09:15 Baltic Dry Index is up to 1,765 points
09:06 ABS awards AIP to HHI’s standardized FPSO topside
08:08 DP World, UAE Region wins Terminal Operator of the Year at Maritime Standards Awards
06:22 ABS awards AIP to HHI’s deepwater FLNG hull

2018 October 21

08:54 20,000 TEU COSCO SHIPPING Sagittarius named in Shanghai
08:50 CFO Paul Smits leaves the Port of Rotterdam Authority
07:52 COSCO SHIPPING starts shipment of Toyota exhibits

2018 October 20

08:47 Boskalis, Van Hattum en Blankevoort and Mobilis construct deep-sea quay for the new HES Hartel Tank Terminal at Maasvlakte
08:10 Navios Partners announce filing of F - 1 for direct listing of Navios Containers
08:06 Maersk Line increases FAK rates for Northern Europe to Middle East and ISC trade
08:04 U.S. Navy contracts Austal to order materials for EPF 13
07:44 EU Commission launches the European Network of U-space Demonstrators

2018 October 19

18:42 ABN AMRO, Samsung SDS and the Port of Rotterdam Authority launch container logistics blockchain pilot
18:07 Stena Line's battery hybrid vessel completes its first month of operation
17:56 ABN AMRO, Samsung SDS and Port of Rotterdam Authority launch container logistics blockchain pilot
17:35 Port of Gdansk participated in the CILF 2018 fair in China
17:11 Gdansk pays a visit to Singapore
16:57 Testbed established for Internet of Ships Open Platform